It stated that the announcement was made during a courtesy visit by ExxonMobil's Managing Director in Nigeria, Mr. Shane Harris to NUPRC's Commission Chief Executive, Engr. Gbenga Komolafe.

Exxon Mobil Corporation XOM, the U.S. supermajor, is set to invest $1.5 billion in Nigeria’s offshore oil sector, marking a major push to revitalize the country’s deepwater production.

ExxonMobil's quest to increase production is at one with Nigeria's aspiration to ramp up output to more than 2 million bpd this year after hitting a ten-year low in 2023. ExxonMobil is raring to ...

U.S. supermajor ExxonMobil plans to invest as much as $1.5 billion in deepwater oil and gas exploration and development offshore Nigeria, the local regulator, the Nigerian Upstream Petroleum ...

ExxonMobil will invest in developing Nigeria’s Usan deepwater oil field. • The company will also accelerate development of Owowo and Erha deepwater oil fields. ExxonMobil Corp. will invest in ...

The French firm is withdrawing from a production-sharing agreement that the Nigerian state signed in 2021 with TotalEnergies, Shell, US oil major ExxonMobil and Italy's Eni following two years of ...

Nigeria's oil and gas industry is undergoing a major shift as local companies take on a greater role, resulting in a new phase for innovation and growth.

ExxonMobil is raring to complete the process that will formalise a new $1.5 billion deepwater investment in Nigeria, and so has arranged for a final investment decision (FID) to be made at most by ...